* Wheat for December delivery on the Chicago Board of Trade was down 0.6 percent at $4.24-3/4 a bushel by 0127 GMT.

* Global wheat demand has been lean at a time of bountiful supply with Russia looking at a record harvest.

* Exports of European Union soft wheat in the 2017/18 season that started on July 1 had reached 7.5 million tonnes by Nov. 14, down 23 percent from the same period a year ago, data showed last week.

* Weekly sales of U.S. wheat fell 37 percent from the prior week to 489,300 tonnes, according to latest data from the U.S. Department of Agriculture.

* Chicago corn was unchanged at $3.43 a bushel after

rising nearly 2 percent on Friday. Soybeans were also

nearly flat at $9.89-1/4 after similarly climbing almost 2 percent in the previous session.

* Large speculators increased their net short position in CBOT corn futures in the week to Nov. 14, data released on Friday showed.

* The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds, trimmed their net short position in CBOT wheat and switched to a net short position in soybeans.

* A weed killer blamed for damaging millions of acres of U.S. crops this summer did not reduce yields for most of the

soybeans checked by BASF SE , which makes a version of

the herbicide.

* Corn producers in Brazil's Mato Grosso state should harvest 25 million tonnes of corn in the second harvest of the 2017-18 season, down 19 percent from a year ago, research agency Imea said.

MARKET NEWS

* The euro hit a two-month low against the yen on Monday as German Chancellor Angela Merkel's efforts to form a three-way coalition government failed, raising concerns over political uncertainty in the euro zone's largest economy.